Back to search
The question

Is buying a share for $1500 from a foreign company, with a guaranteed capital and a return of $500 monthly for one year (totaling $6000), considered clear usury, or is it permissible to receive money from non-Muslims?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

This transaction is usurious (riba) and impermissible because it is a loan with an increase. A loan with an interest is the very essence of usury. The texts that prohibit usury do not differentiate between Dar al-Harb (House of War) and Dar al-Islam (House of Islam), nor between a Muslim's transaction with another Muslim or with a non-Muslim. It is forbidden to appropriate the wealth of non-Muslims if they are Dhimmis or Musta'mins.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
91058
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy